Nigerian Crypto Educator Returns $80,000 in Bitcoin Received by Mistake

Strange but must be spoken out loud as Keith Mali Chung, Co-Founder and President of African blockchain firm Loopblock Network, has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his digital wallet. Keith Mali Chung who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” – tweeted about the incident on September 12, 2019 saying: “I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your address and exact digits sent. Thank you. Kindly retweet

The Good Samaritan

In a further update on September 13, 2019, Keith Mali Chung openly disclosed that the exact sum of apparently accidentally transferred Bitcoin was 7.8BTC – worth $79,482 as of press time. In addition, he indicated that the sender who remains anonymous had responded to his request. Thus, he was able to return the funds. He explained: “In Africa, which is where I am situated, 80% we transact Cryptos through WhatsApp escrows and someone who himself and I had business in the past made this huge mistake of sending 7.8BTC into my blockchain wallet. I spread the words round & he reached out.”

Behold, Chung’s ethical actions earned him significant social media acclaim and even the moniker of “African/Nigerian good Samaritan” on Crypto Twitter. Had he failed to identify the sender, he had pledged to donate the accidentally gotten proceeds to Binance, which regularly organizes a series of philanthropic projects via its charity arm.

Blockchain Adoption on the Continent

It is reported that Nigeria is currently experiencing a significant development in its blockchain sector. Its lawmakers are gradually and increasingly recognizing he benefits of trustless and decentralized protocols for improving transparency in local and governmental institutions.

Solomon Adaelu, a competent member of Nigeria’s House of Representatives, said: “Blockchain is for Africa and Africa must take advantage of it to close the gap in the industrial and economic advancement between the African continent and the rest of the world. On the African continent, Nigeria must take the lead as the ‘Giant of Africa.’”

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